Inventure Foods is plunking down $3.9m to expand its frozen-food capabilities.
The company (which produces branded frozen products under labels such as TGI Friday’s, Fresh Frozen, Rader Farms and others) plans to purchase two individually quick frozen (IQF) systems in 2014. The equipment reportedly will help the company expand its frozen-fruit product offerings.
“We continue to look for opportunities to meet growing demand for our frozen fruit products, while also improving margins in our frozen fruit segment by increasing our internal freezing capabilities," said Terry McDaniel, Inventure Foods CEO.
McDaniel added that the new IQF equipment, paired with machinery assets attained through acquisitions this year, will help the company increase its goals toward increasing frozen-fruit processing services.
The machines will be put in place prior to the 2014 berry harvest season at two Inventure Foods locations in Washington State and Oregon.